🏠 How to Get a Bigger Loan for Your Home
Getting Started
intermediate
multi-family investing
mortgage qualification
house hacking
rental income
loan strategy
M
Summary
AI-generatedLearn how buying a multi-family property like a duplex or fourplex can significantly increase your loan qualification amount. Lenders will credit you with 75% of the market rent for unoccupied units, effectively using rental income to boost your borrowing power.
Key insights
Lenders do not consider small roommate payments in single-family homes when calculating loan eligibility. They base the loan primarily on your personal income in such cases.
Mistakes to avoid
Focusing solely on single-family homes for a mortgage without considering multi-family options can limit your borrowing capacity, as lenders may not factor in potential roommate income.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial